BlockBack Tuesday #019

Weekly we propose videos from Blockchain Zoo youtube archive!
This week video is: Blockchain in Supply Chain

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The supply chain is considered a good use of blockchain technology when you have multiple parties participating in different steps and being managed by different entities. All those various parties have one thing to agree on, which is the state of the product at the current time. Instead of trusting a central party with all the paperwork needed, blockchain technology provides a decentralized network for all parties in the network and avoids any sort of cheating or special access during the process.

In this video, we answer:

  • Why use blockchain in the supply chain?
  • What limitations does it overcome?
  • How are they currently managed?
  • How big is the impact that we expect from using blockchain in this industry?

To learn more about the blockchain technology in the supply chain industry, please go to http://bit.ly/BCsupply

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